Bill Text: IL HB0531 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Authorizes a home rule municipality, by ordinance, to order the county clerk to abate, for a period not to exceed 10 years, any percentage of the taxes levied by the municipality and any other taxing district on each owner-occupied single-family residence that is located in an area of urban decay within the corporate limits of the municipality. Limits the amount of the abatement to 2% of the taxes extended by all taxing districts on all parcels located within the township that contain residential dwelling units of 6 units or less. Sets forth procedures for adopting an abatement ordinance. Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB0531 Detail]
Download: Illinois-2009-HB0531-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by adding | ||||||||||||||||||||||||
5 | Section 18-182 as follows:
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6 | (35 ILCS 200/18-182 new) | ||||||||||||||||||||||||
7 | Sec. 18-182. Abatement; urban decay; residence. | ||||||||||||||||||||||||
8 | (a) A home rule municipality, by ordinance, may order the | ||||||||||||||||||||||||
9 | county clerk to abate, for a period not to exceed 10 years, any | ||||||||||||||||||||||||
10 | percentage of the taxes levied by the municipality and any | ||||||||||||||||||||||||
11 | other taxing district on each owner-occupied single-family | ||||||||||||||||||||||||
12 | residence that is located in an area of urban decay within the | ||||||||||||||||||||||||
13 | corporate limits of the municipality. The total abatement for | ||||||||||||||||||||||||
14 | any levy year, however, may not exceed 2% of the taxes extended | ||||||||||||||||||||||||
15 | by all taxing districts on all parcels located within the | ||||||||||||||||||||||||
16 | township that contain residential dwelling units of 6 units or | ||||||||||||||||||||||||
17 | less. | ||||||||||||||||||||||||
18 | (b) An abatement adopted under this Section must be | ||||||||||||||||||||||||
19 | extended to all subsequent owners of an eligible property | ||||||||||||||||||||||||
20 | during the abatement period. The ordinance must provide that | ||||||||||||||||||||||||
21 | the same percentage abatement of taxes applies to all eligible | ||||||||||||||||||||||||
22 | property subject to the abatement ordinance, except that any | ||||||||||||||||||||||||
23 | abatement granted for any parcel that is within a redevelopment |
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1 | area created under Division 74.4 of Article 11 of the Illinois | ||||||
2 | Municipal Code at the time the ordinance is adopted may not | ||||||
3 | exceed the amount of taxes allocable to taxing districts. | ||||||
4 | (c) Before the final adoption of an abatement ordinance | ||||||
5 | under this Section, the governing authority of the home rule | ||||||
6 | municipality must notify, by mail, each affected taxing | ||||||
7 | district of the pending ordinance. The governing authority of | ||||||
8 | each affected taxing district shall, within 10 days after | ||||||
9 | receiving this notification, appoint one member to serve on an | ||||||
10 | abatement review board to review the terms and conditions of | ||||||
11 | the proposed abatement ordinance. The board shall be convened | ||||||
12 | by the mayor or village president of the municipality | ||||||
13 | considering the abatement ordinance. The ordinance may not be | ||||||
14 | adopted less than 45 days after the Board is convened. A | ||||||
15 | failure by a taxing district to appoint a member to the Board | ||||||
16 | does not affect work of the Board. The Board shall report the | ||||||
17 | findings and conclusions to the governing authority of the | ||||||
18 | municipality not later than 30 days after it is convened. | ||||||
19 | (d) For the purposes of this Section, "area of urban decay" | ||||||
20 | has the meaning set forth under subsection (d) of Section | ||||||
21 | 18-180 of this Code.
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22 | Section 99. Effective date. This Act takes effect upon | ||||||
23 | becoming law.
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